Oklo Inc. (NYSE:OKLO) Receives Consensus Rating of “Moderate Buy” from Brokerages

Oklo Inc. (NYSE:OKLO) has received a consensus rating of “Moderate Buy” from the nineteen ratings firms that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, nine have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $98.9333.

Several analysts have recently weighed in on OKLO shares. Wedbush restated an “outperform” rating on shares of Oklo in a research report on Friday, January 9th. Texas Capital raised Oklo to a “strong-buy” rating in a research note on Tuesday, January 27th. Weiss Ratings restated a “sell (d)” rating on shares of Oklo in a research report on Thursday, January 22nd. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $106.00 price target on shares of Oklo in a research note on Friday, January 9th. Finally, UBS Group reiterated a “neutral” rating on shares of Oklo in a report on Monday, January 12th.

Insider Buying and Selling

In other Oklo news, CFO Richard Craig Bealmear sold 9,726 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $76.93, for a total value of $748,221.18. Following the completion of the sale, the chief financial officer owned 196,913 shares of the company’s stock, valued at $15,148,517.09. This represents a 4.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider William Carroll Murphy Goodwin sold 2,820 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $56.69, for a total transaction of $159,865.80. Following the transaction, the insider owned 15,991 shares in the company, valued at $906,529.79. The trade was a 14.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,947,546 shares of company stock worth $164,368,254 in the last quarter. 18.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Oklo

Several institutional investors and hedge funds have recently made changes to their positions in the business. NBC Securities Inc. raised its position in Oklo by 75.0% in the 4th quarter. NBC Securities Inc. now owns 350 shares of the company’s stock worth $25,000 after purchasing an additional 150 shares during the period. GAMMA Investing LLC increased its holdings in shares of Oklo by 356.3% in the fourth quarter. GAMMA Investing LLC now owns 365 shares of the company’s stock worth $26,000 after buying an additional 285 shares during the period. Armstrong Advisory Group Inc. purchased a new position in shares of Oklo in the third quarter worth about $27,000. Elevation Point Wealth Partners LLC bought a new stake in shares of Oklo in the 2nd quarter valued at about $28,000. Finally, Gables Capital Management Inc. bought a new stake in shares of Oklo in the 3rd quarter valued at about $28,000. Institutional investors own 85.03% of the company’s stock.

Oklo Trading Down 2.1%

Shares of NYSE OKLO opened at $58.36 on Friday. Oklo has a 12 month low of $17.42 and a 12 month high of $193.84. The firm has a market capitalization of $9.12 billion, a price-to-earnings ratio of -108.07 and a beta of 0.80. The business has a 50-day moving average of $76.36 and a 200-day moving average of $95.19.

Oklo Company Profile

Oklo, Inc is a California-based energy technology company specializing in the design and development of advanced nuclear microreactors. Headquartered in Fremont, the firm focuses on small modular reactor (SMR) technology that leverages fast-neutron fission and liquid-metal cooling to deliver carbon-free power. Oklo’s core objective is to bring compact, factory-built reactors online within a decade, offering a low-footprint alternative to traditional large nuclear plants.

The company’s flagship product, the Aurora microreactor, is a 1.5-megawatt electric (MWe) fast reactor cooled by a sodium alloy.